MaxLinear • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 27086.4× the size of MaxLinear • Robinhood Token (MXL) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 33 shared trading days). MXL has been the more volatile of the two, at 137% annualised against CRCLB's 83%.

Correlation: 0.31
Size ratio: 1 : 27086.4

MaxLinear • Robinhood TokenMXL

$44.4400

24h: -19.97%
Market cap: $5,366
Volume 24h: $2,237
Volatility (ann.): 137%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.9600

24h: -1.87%
Market cap: $145.36M
Volume 24h: $39.00M
Volatility (ann.): 83%

MXL 0.0%Share of the two combined market caps100.0% CRCLB

Performance

MXLCRCLB

7 days-38.87%-10.02%CRCLB
30 days-59.29%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.31over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MXL	CRCLB
Max drawdown (400d)	-59.3%	-35.4%
Risk-adjusted return (90d)	-0.38	0.02

Relative strength over 90 days: CRCLB outperformed MXL by 40.7% — measured on the MXL/CRCLB ratio, so it holds regardless of market direction.

MaxLinear • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →